BJ’s Wholesale Club Holdings Inc. (NYSE:BJ) Q3 2022 Earnings Conference Call November 17, 2022 8:30 AM ET

Company Participants

Bob Eddy - President, Chief Executive Officer

Laura Felice - Executive Vice President, Chief Financial Officer

Bill Werner - Executive Vice President, Strategy and Development

Cathy Park - Vice President, Investor Relations

Conference Call Participants

Mike Baker - DA Davidson

Edward Kelly - Wells Fargo

Robbie Ohmes - Bank of America

Peter Benedict - Baird

Chuck Grom - Gordon Haskett

Mark Carden - UBS

Rupesh Parikh - Oppenheimer

Brandon Cheatham - Citi

Operator

Good morning everyone and welcome to the BJ’s Wholesale Club Holdings Inc. third quarter 2022 earnings conference call. My name is Adam and I’ll be coordinating your call today. After the speakers’ remarks, there will be a question and answer session. If you wish to ask a question at that time, please press star followed by one on your telephone keypad.

I will now pass the call over to your host, Cathy Park to begin. Please go ahead when you are ready.

Cathy Park

Good morning and thank you for joining BJ’s Wholesale Club’s third quarter fiscal 2022 earnings conference call. On the call today are Bob Eddy, President and Chief Executive Officer; Laura Felice, Chief Financial Officer; and Bill Werner, Executive Vice President, Strategy and Development.

Please remember that during this call, we may make forward-looking statements within the meaning of the federal securities laws. These statements are based on our current expectations and involve risks and uncertainties that could cause actual results to differ materially from our expectations described on this call. Please see the Risk Factors section of our most recent Form 10-K and Form 10-Q filed with the SEC for a description of those risks and uncertainties.

Finally, please note that on today’s call, we will refer to certain non-GAAP financial measures that we believe will provide useful information for investors. The presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Please refer to today’s press release posted on our Investor Relations website for a reconciliation of these non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP.

With that, I’ll turn the call over to Bob.

Bob Eddy

Good morning. Thank you for joining us today.

This morning, we reported another quarter of strong results demonstrating the power of our business model. This was the most profitable third quarter in our history. Our consistent focus on delivering value to our members especially when they need it most has put us in a position of strength.